PLANTRONICS INC /CA/ PLT Cash Flow

Plantronics inc /ca/ (PLT)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
-78,483	-25,910	-44,871	-21,590	-41,733	-86,709	14,471	9,854	-49,504	19,953	18,828	19,517	22,221	20,474	20,387	12,980	16,288	17,896	21,228	25,824	30,384	27,421	28,672	27,943	34,383	23,138	26,953	28,709	28,206	25,924	23,563	23,886	30,898	27,521	26,731	26,316	31,552	25,429	25,946	24,224	23,250	-746	10,650
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
57,556	57,376	57,698	58,606	55,117	82,398	5,248	5,284	5,151	5,361	5,382	5,353	5,359	5,119	5,146	5,304	5,019	4,833	4,986	4,736	4,887	4,464	4,624	3,895	3,780	3,783	4,108	4,115	4,224	4,094	3,786	3,432	3,479	3,387	3,462	4,946	3,564	3,773	3,992	4,011	3,963	4,785	5,385
Amortization of debt issuance costs
1,340	1,361	1,361	1,405	1,419	1,407	362	363	362	363	362	363	362	363	362	363	362	362	121	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
13,902	14,693	12,904	11,225	11,719	10,840	8,150	7,912	8,029	8,762	9,256	8,534	8,689	7,903	8,413	8,666	7,717	8,832	8,050	7,472	7,430	7,387	6,305	6,184	6,043	5,965	4,988	4,177	4,691	4,862	4,620	4,214	4,579	4,509	4,179	3,908	4,176	4,012	3,777	3,821	3,728	3,526	3,502
Income tax benefit associated with stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	543	1,381	-	3,872	660	797	1,860	916	738	155
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150	759	2,391	532	1,304	692	992	225	348	513	3,573	1,792	251	539	140	1,896	1,787	790	2,570	847	3,993	259	648	3,352	-387	-702	-16
Deferred income taxes
-17,369	-15,657	-33,145	-9,945	-21,931	-22,688	4,632	-3,026	6,106	-2,222	6,606	96	-3,252	-2,391	4,890	-10,476	-622	-1,339	4,146	-2,634	-115	-946	2,715	-6,343	-4,763	-410	5,703	2,014	-128	-464	-438	258	2,010	-3,622	-2,143	5,378	-1,502	-1,597	-1,249	-3,625	3,471	-10,871	-1,424
Provision for (benefit from) doubtful accounts and sales allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123	115	338	76	-76	-581
Provision for excess and obsolete inventories
15,472	1,844	1,760	2,505	2,073	2,196	612	1,443	1,113	371	529	668	-382	902	772	1,111	235	682	402	-61	427	186	379	-281	1,138	1,498	1,783	270	407	649	250	-115	1,016	999	322	435	422	515	-273	140	1,062	-1,065	281
Restructuring Charges
21,724	5,847	19,525	11,983	12,130	7,261	1,320	13	-84	-51	2,573	1,241	113	-415	-1,048	7,727	8,433	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for restructuring charges
6,936	5,291	17,658	18,241	3,827	6,560	835	31	482	524	1,905	208	57	948	2,788	10,385	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-320	-	-379	-418	-431	-250	-328	0	0	-	-	-	-
Non-cash charges for restructuring and other related items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	65	341	2,093	3,762
Other operating activities
5,693	-6,929	-1,965	-570	-60	-9,284	274	-340	-496	1,644	-503	-2,315	-1,482	-1,071	1,920	-1,784	-2,859	1,500	-4,537	1,672	-1,588	1,685	-581	-91	-145	-135	-1,065	-610	-374	-1,013	-252	-2,368	-238	-258	-131	-26	220	-148	-41	-631	12	235	0
Changes in assets and liabilities, net of acquisition:
Accounts receivable, net
-30,856	17,667	-21,445	-25,631	12,075	29,165	-5,302	9,085	4,399	5,219	-6,465	446	5,082	3,837	4,529	-7,166	-4,104	11,404	-8,579	-22,751	16,847	-10,999	12,631	4,597	9,621	2,834	-5,916	15,120	6,223	-557	-4,451	3,024	6,624	-5,853	5,607	-7,634	15,918	-462	7,264	26,160	-6,604	-14,792	-5,152
Inventory, net
-6,264	13,275	42,309	18,200	5,362	-16,780	400	3,732	3,733	3,603	2,241	-2,199	4,888	-384	1,486	-1,709	-1,814	2,524	-358	-1,048	-4,199	1,136	3,983	-9,175	-1,417	4,780	-228	868	5,713	3,077	5,153	-4,205	-1,791	3,937	1,453	-7,182	-5,446	-7,843	7,509	-55,055	9,630	8,569	9,236
Current and other assets
-14,790	6,146	-15,498	-291	-33,149	5,674	-2,981	-586	-1,473	1,835	2,704	-3,732	15	1,659	672	341	-1,926	-679	2,869	688	1,749	1,961	970	-529	-1,485	1,362	-703	1,128	3,710	-1,463	2,681	1,160	-1,501	-2,013	2,421	2,096	-1,028	284	928	-3,124	-530	-893	1,679
Accounts payable
-45,600	-1,482	36,392	-12,861	-4,108	14,939	5,688	101	-422	2,216	989	751	-494	-2,935	7,055	-337	-3,272	4,058	4,958	-2,457	-5,763	2,163	5,995	4,028	-2,772	-3,227	-4,340	1,055	5,577	608	-4,462	12,476	-3,462	-2,199	-6,684	11,779	2,501	-10,792	6,728	-7,618	-2,918	-1,630	3,118
Accrued liabilities
-17,290	14,168	-43,784	-11,084	33,172	46,805	-7,300	11,531	-6,307	9,079	-18,467	7,069	-4,253	11,814	-1,370	8,839	-4,512	6,883	-6,212	-2,964	11,235	-3,251	-4,520	-1,806	5,273	3,392	-7,277	5,801	4,399	875	-1,434	2,932	-473	-1,695	-5,067	5,563	5,255	-1,047	102	-5,073	4,692	2,161	-2,781
Income taxes
-7,744	8,427	21,568	-23,491	-13,110	-646	-7,875	18,226	74,277	5,401	-13,291	484	1,164	431	-2,736	8,976	-2,626	-3,725	-2,419	3,239	-6,027	-456	3,363	10,229	-1,644	-1,319	-2,117	4,404	1,377	-3,817	5,262	6,629	-730	4,099	8,531	6,626	-7,089	-3,748	8,420	8,295	-5,225	-1,815	9,950
Cash provided by operating activities
-17,211	25,217	8,349	-3,196	46,693	40,468	32,082	39,779	32,076	36,408	12,885	51,668	20,967	36,276	30,476	46,386	37,575	22,974	43,474	54,062	28,345	42,493	29,538	49,369	34,516	23,466	34,140	32,247	33,230	31,828	28,196	52,977	30,891	37,357	19,223	71,763	29,184	25,238	32,047	54,951	36,303	14,711	37,764
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of investments
7	0	170	5,501	1,159	0	124,640	143,164	23,516	9,324	21,571	13,435	18,127	51,155	74,349	45,627	32,061	8,454	16,375	23,565	51,613	15,937	5,014	12,732	24,552	34,315	30,815	18,393	13,021	9,200	15,857	19,950	2,479	3,112	62,948	4,784	0	0	23,250	4,000	0	0	0
Proceeds from maturities of investments
0	0	0	0	0	0	131,017	64,674	40,328	48,363	58,298	46,839	33,400	29,500	34,353	45,269	11,490	14,980	25,425	18,255	20,900	30,375	50,900	42,745	40,240	19,770	35,200	66,450	56,775	33,295	27,595	62,900	43,123	44,791	38,317	107,000	7,495	0	0	60,000	25,000	25,000	35,000
Purchase of investments
166	155	651	124	162	142	394	140,441	98,891	50,670	83,279	52,943	55,142	85,638	106,711	94,510	144,519	17,757	43,834	43,256	73,532	44,358	54,867	65,519	65,482	59,233	57,121	70,216	122,651	30,349	35,062	-	33,697	20,706	68,077	103,378	95,040	64,842	0	49,992	9,998	0	25,000
Prepaid Acquisition consideration
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition, net of cash acquired
0	0	0	0	-8,001	1,616,692	33,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	-	0	0	4,936	664	0	0	0	-	-	-	-
Purchase of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,528	8,423	199,582	23,119	10,049	35,145	26,793	7,338	14,739	0	-	-	-	-
Capital expenditures
7,724	4,753	4,507	10,649	8,613	3,667	3,868	3,065	2,651	3,705	3,047	3,573	5,412	6,612	7,579	9,684	7,885	9,126	3,966	2,748	5,795	6,107	7,312	13,328	10,444	14,199	13,014	9,932	7,852	4,949	16,577	4,098	4,998	6,109	3,935	6,567	5,873	3,220	3,007	1,923	1,336	1,294	1,709
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	114	163
Cash used for investing activities
-7,883	-2,766	-4,988	-5,272	385	-1,620,501	217,845	64,332	-37,698	3,312	-6,457	3,758	-9,027	-11,595	-5,588	-13,298	-108,853	-3,449	-6,000	-4,184	-6,814	-4,303	-6,265	-23,370	-11,134	-19,347	-4,120	4,695	-28,959	-18,054	-16,610	-3,286	-16,212	11,039	-956	-24,248	-90,107	-82,801	20,243	10,131	24,741	24,570	8,454
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	33	13,693	25,730	13,492	0	7,408	8,189	18,639	14,617	9,556	188,776	284,444	85,496	8,526	6,479	12,438	28,900	29,441	16,547	10,766	305	3,696	3,457	16,473	44,670	45,054	93,399	90,668	35,252	10,291	16,273	43,706	20,868	24,317	4,022	445
Payment, Tax Withholding, Share-based Payment Arrangement
388	681	8,600	207	521	342	13,000	243	397	304	10,485	292	321	331	8,792	264	305	596	9,903	305	1,071	448	5,787	208	1,645	343	4,026	199	1,119	439	1,290	139	1,577	175	705	120	12	62	0	-	-	-	-
Equity forward contract related to accelerated share repurchase program
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,872	-18,872	-	0	0	0	-	-	-	-
Proceeds from sale of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	2,009	13	2,011	15	1,579	18
Proceeds from issuances under stock-based compensation plans
1	6,027	589	805	53	4,314	10,558	10,481	1,496	2,746	9,204	8,686	764	5,019	733	5,530	783	5,994	3,077	5,221	6,397	8,592	2,832	4,456	962	5,474	13,163	18,774	1,203	10,569	1,319	16,051	10,408	5,149	11,515	9,598	33,624	3,413	7,666	22,150	4,797	4,966	668
Proceeds from debt issuance, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,269	489,670	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of cash dividends
5,988	5,982	5,940	5,927	5,971	5,968	5,014	4,988	4,951	5,043	5,014	5,012	4,976	5,001	4,970	5,027	5,048	5,158	5,828	6,434	6,460	6,447	6,389	4,267	4,340	4,397	4,368	4,316	4,266	4,243	4,247	2,156	2,164	2,293	2,427	2,440	2,425	2,382	2,456	2,419	2,457	2,461	2,444
Proceeds from revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	155,749	34,500	0	0	0	-	-	-	-	0	0	0	18,000	15,000	36,000	17,500	0	-	-	-	-	-	-	-	-
Repayments of revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	190,249	0	0	0	0	-	-	-	-	20,000	9,000	13,000	13,000	17,500	14,000	0	0	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150	759	2,391	532	1,304	692	992	225	348	513	3,573	1,792	251	539	140	1,896	1,787	790	2,570	847	3,993	259	648	1,142	387	702	16
Cash (used for) by financing activities
-6,375	-25,615	-13,972	-116,914	-11,219	1,242,752	-7,491	5,217	-17,545	-28,331	-19,787	3,382	-11,941	-7,741	-31,668	-17,678	-13,976	-189,046	160,463	-51,982	-8,356	-4,090	-20,790	-28,694	-34,116	-15,300	-2,424	-4,254	-16,627	-10,031	-15,551	-19,037	-14,600	-66,037	-98,587	-29,400	24,900	-13,036	-37,835	2,016	-21,575	764	-2,187
Effect of exchange rate changes on cash and cash equivalents
1,848	-2,298	6	-265	1,211	-2,675	-2,055	1,040	344	1,243	1,873	701	-1,993	42	-1,013	765	-491	-1,022	592	-1,396	-1,054	-1,121	63	-135	288	818	-29	-568	1,083	-453	-731	618	-391	-1,710	673	1,371	-519	1,998	-1,386	-640	-136	551	1,350
Net decrease in cash and cash equivalents
-29,621	-5,462	-10,605	-125,647	37,070	-339,956	240,381	110,368	-22,823	12,632	-11,486	59,509	-1,994	16,982	-7,793	16,175	-85,745	-170,543	198,529	-3,500	12,121	32,979	2,546	-2,830	-10,446	-10,363	27,567	32,120	-11,273	3,290	-4,696	31,272	-312	-19,351	-79,647	19,486	-36,542	-68,601	13,069	66,458	39,333	40,596	45,381
SUPPLEMENTAL NON-CASH DISCLOSURES
Accounts payable for purchases of property, plant, and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-1,666	-859	3,577	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes
4,017	3,081	2,755	14,015	16,855	-16,855	30,902	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
28,262	10,574	29,203	-	25,142	-25,142	54,386	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing activity - purchases of property, plant, and equipment for which payment has not yet been made
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,619	-	-	-	-	-	-	-	-	-	-	-	-
Transfers of long-term investments to short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,067	34,507	-	-	-	-	-	-	-	-	-	-	-	-